JPMorgan Chase & Co. Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY - Get Free Report) had its price objective raised by analysts at JPMorgan Chase & Co. from $54.00 to $60.00 in a report released on Thursday, Marketbeat.com reports. The firm presently has a "neutral" rating on the e-commerce company's stock. JPMorgan Chase & Co.'s price objective points to a potential downside of 12.54% from the stock's current price.

EBAY has been the subject of several other research reports. Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Morgan Stanley lowered their price objective on eBay from $71.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Bank of America reduced their target price on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Cantor Fitzgerald boosted their price target on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Finally, Robert W. Baird raised their price objective on eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, eBay has a consensus rating of "Hold" and a consensus target price of $67.12.

eBay Stock Up 1.4 %

Shares of NASDAQ:EBAY traded up $0.93 during trading on Thursday, hitting $68.60. The company's stock had a trading volume of 5,892,928 shares, compared to its average volume of 4,975,647. The company has a market capitalization of $31.97 billion, a PE ratio of 17.24, a PEG ratio of 2.22 and a beta of 1.43. eBay has a fifty-two week low of $49.25 and a fifty-two week high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock's 50-day moving average price is $65.83 and its two-hundred day moving average price is $65.02.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted $1.25 EPS. eBay's quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that eBay will post 3.86 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares of the company's stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock valued at $3,121,626 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Pzena Investment Management LLC acquired a new position in eBay during the first quarter worth about $261,000. Kingsview Wealth Management LLC bought a new stake in eBay during the first quarter worth approximately $3,464,000. Graypoint LLC increased its holdings in shares of eBay by 19.8% in the first quarter. Graypoint LLC now owns 5,127 shares of the e-commerce company's stock valued at $347,000 after buying an additional 848 shares in the last quarter. Trust Investment Advisors acquired a new stake in shares of eBay during the 1st quarter valued at $231,000. Finally, Larson Financial Group LLC grew its holdings in shares of eBay by 18.9% in the 1st quarter. Larson Financial Group LLC now owns 3,842 shares of the e-commerce company's stock worth $260,000 after acquiring an additional 612 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.